What to learn from last week’s 10% market rise

Last week the market (as measured by the S&P 500) rose 10 percent. Ten percent is a decent gain for an entire year. (Yes, I know that we have some losses to make up, but that’s not the point). The lesson from Mr. Market is that you get gains when you least expect them. If your long-term asset allocation guidelines call for owning a certain percentage of your wealth in stock, then stick with the plan. It really paid off this past week.